Condo, HDB rents in July see first uptick since February but demand shows Covid-19 impact: The Straits Times

July’s rental rates rose across the broad for both public and private residential homes by 1.4% and 0.4% respectively. This is likely due to the surge in demand for housing due to travel restrictions during the circuit breaker period. Due to labour market uncertainty and salary cuts, more tenants are opting for cheaper housing accommodation. As a result, rental rates rose for private residential homes located outside central region and rest of central region.

Source: https://www.straitstimes.com/business/property/condo-hdb-rents-in-july-see-first-uptick-since-february-but-demand-shows-covid-19

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